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The New York Stock Exchange (NYSE) is teaming up with Securitize, a tokenization platform backed by BlackRock, to create a 24/7 tokenized securities platform, according to The Wall Street Journal.
Under the plan, Securitize will serve as the NYSE’s first digital transfer agent, responsible for issuing shares and ETFs as digital tokens using blockchain technology. The companies will design standards for other transfer agents to issue and manage tokenized securities compliantly.
Securitize’s broker-dealer will also connect to the new Digital Trading Platform, providing an alternative system for trading digital tokens. This partnership comes after NYSE sought regulatory approval in January to allow companies to issue blockchain-based securities.
This is a developing story. Please check back for further updates.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
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